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But I'm looking to setup an offshore company. Are you saying it's not a good place to do so, and it's only good for having a residence there?

I keep seeing Philippines being mentioned in here as a good place to setup a company using SIRV, but I haven't seen any reasons why from a tax perspective. What is it that makes it a good place to setup an offshore company? It looks like corporation tax is currently 25%, and that the...

It seems like this doesn't work with getting business credit cards, it says on the Amex Global Transfer site "American Express Corporate Cards and American Express Cards issued by Banks other than an American Express Bank are not eligible through this Card application process."

Thanks, great to know. Does it make it even more difficult compared to say - someone filing a lawsuit against a company incorporated as Malaysia / Thailand / Philippines etc? What I'm getting at is - is this one of the best incorporation methods to avoid lawsuits, or are there other places that...

What do you mean? Like protection from lawsuits? If so how so?

Taiwan's corporate tax rate is only 3% higher than Singapores, and there are a lot of loopholes. I legally only pay around 2.5% tax in Taiwan.

Hi, is it just established banks in other countries that consider Philippines high risk? In terms of transfers from banks in Taiwan, I don't think it would be a problem, they're pretty easy going on the whole.

Thanks, I'm definitely going to look into this. Is it easy to get a corporate bank account with the likes of Citibank and BDO there for a Ph company, even if you don't live there? Also, the $75k I need to invest for SIRV - can I invest this into my own Ph company I setup? Or I need to invest it...

Hey thanks very much. Is it requirement to live in the Philippines to get these advantages? I want to continue living in Taiwan unless the situations worsens.

It's an ecom affiliate marketing business. Most of my revenue comes from Hong Kong

I'm a European citizen, and also a resident of Taiwan with a ltd company here. The threat of war with China is becoming increasingly likely, and if it happens, Taiwanese currency could become worthless, there could be a run on the banks - many things that would obliterate all my company funds...

Hi Fossy this is great to hear. In which country is your company incorporated? How long has it been incorporated? What sort of business is it? And what sort of questions did OCBC ask? This info would be pretty helpful for me, as a corporate account in SG would be ideal.